Veren Inc T.VRN

Alternate Symbol(s): VRN

Energy Oil & Gas E&P

Veren Inc. is a Canada-based oil producer with assets in central Alberta and southeast and southwest Saskatchewan. The principal activities of the Company are acquiring, developing and holding interests in petroleum and natural gas properties and assets related thereto through a general partnership and wholly owned subsidiaries. Its core operational areas include Kaybob Duvernay and Alberta Montney, Shaunavon and Viewfield Bakken. Its Kaybob Duvernay is situated in the heart of the condensate rich fairway, Central Alberta, which provides low risk drilling inventory. Its Alberta Montney assets sit adjacent to its Kaybob Duvernay lands, possessing similar resource characteristics including pay thickness and permeability in the volatile oil fairway of the reservoir. Its Shaunavon resource play is located in southwest Saskatchewan. The Viewfield Bakken light oil pool is located in Saskatchewan.

TSX:VRN - Post by User

Veren Inc

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Comment by tvstockon Dec 02, 2015 3:21am

156 Views

Post# 24345601

RE:Hedging

Northern Blizzard Oct presentation

Page 10 shows some good hedging summaries.

Actually I can't understand the weak performance of NBZ as they are all Saskatchewan(unaffected by Alberta royalty review), and with 55% hedging and very low breakeven cost (Page13) , with zero bank debt (they just paid that off), and among the lowest payout ratio(Page 5), and 60%+ major shareholders backing.

?? Maybe investors are afraid of an takeover offer by NBZ as per latest MD&A.

This is my biggest loser of the year, my cost is in the 8s. Their last Q dividend cut really hurts. They have the money to keep dividend but the want to minimize DRIP dilution. But I am hanging on.

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